Rates of VAT in Maharashtra on Sale of Old Fixed Assets:
1. Vehicle (CAR)
2. Furniture & Fixture
3. Computer & Laptop
4. Scrap
Request opinions.
Hi Experts.
I have open my company & purchased some material that include Sales Tax. At that time, I didn't claim input tax credit as my company was not registered in DVat. Now After 2 Months after incorporation, I got registered my company in Dvat.
My question is: Now can i avail input tax credit on the purchase before registrations in Dvat ?
Plz guide...
While auditing a hospital as a part of internal check, it is found that they are availing inputtax credit on 8B,8H forms, which is not admissible under law. After scrutiny it is found that form which is named as 8H,8B has all details of form 8.ie vatoutput shown seperately and TIN no is stated....can a company claim inputtax credit ,if default is made by supplier in naming correct form,????
please explain the concept of input tax credit in general in simple words.. I have read about it in technical words but I'm not fully clear about it.. Please help by explaining in simple words.. Thankyou.
I HAVE SOLD MY MOTOR CAR & PURCHASED THE NEW CAR ON WHICH DEPRECIATION WAS CLAIMED BY ME. CAR WAS USED IN THE BUSINESS. MY QUERY IS DO I NEED TO PAY VAT TO THE SALE TAX DEPARTMENT ON THE SALE PROCEEDS OF THE SOLD CAR AND IF YES PLZ EXPLAIN & AT WHAT RATE THE VAT AMT IS TO BE PAID?
Assessee purchases / manufactured goods from local market from registered dealers and sales 100% out of india (exports)
Total purchase is Rs. 1.60 Cr.
Total Sales is Rs. 1.71 Cr.
Whether the assessee is liable for VAT Audit u/s 63....?
dear sir if all origioanl c form was lost that time duplicate copies accepted or not
Supplier is from UP.
Dealer is from Ahmedabad
Customer is also from Ahmedabad.
Supplier is directly shipping to Customer and bill is being raised by Dealer. Excise is being passed onto the customer directly from supplier. Now will be be straight forward RR sale. But in case customer donot issue c form to the dealer and supplier dont issue E1 to the dealer, then will it be a VAT invoice or CST@2 invoice?
What is difference between tax Invoice & retail Invoice
is input tax credit admissible on the basis on retail invoice.in case of registered Dealer.
A company has vat Purchases (local purchase) and CST sales against “C Form” (don’t have any local sale). Can we avail input vat credit; I mean to say "can we avail input against CST payable". please clear me with an example
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Vat on sale of used fixed assets